New York Times Company (NYT)
Debt-to-assets ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 2,714,600 | 2,533,750 | 2,564,110 | 2,307,690 | 2,089,140 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2023 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $2,714,600K
= 0.00
The debt-to-assets ratio for New York Times Co. has consistently been 0.00 over the past five years. This indicates that the company has not relied on debt to finance its operations or investments, maintaining a debt-free capital structure. From a financial stability standpoint, a lower debt-to-assets ratio suggests a lower risk of financial distress due to less reliance on borrowed funds. Additionally, a lower ratio may indicate strong financial management and the ability to support operations through internally generated funds. It is important to note that while being debt-free can be positive in terms of financial risk, it may also limit potential growth opportunities that could be achieved through the strategic use of debt financing.
Peer comparison
Dec 31, 2023